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U.S. Auto Sales Growth Slows in Q3 as Consumers Grapple with Rising Costs

Automotive Addicts

Chris Hopson, principal analyst at S&P Global Mobility, highlighted that many consumers are finding it difficult to justify the monthly payments required to finance a new car. The research firm also warns of potential disruptions stemming from a recent strike at East Coast ports, which could create supply chain headaches for automakers.

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Vehicle shipping crisis to extend new car delivery times in Australia

CarExpert

In terms of the auto industry, it’s forcing around a dozen ships transporting new vehicles to either remain idle outside ports on Australians eastern seaboard or be rerouted to unaffected ports at different parts of the country, causing knock-on effects due to their delayed return and restocking at departure ports.

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COMMENTARY: How blockchain is set to transform the automotive industry

Auto Remarketing

Supply chain management: Blockchain can track parts from manufacture to installation, ensuring authenticity and reducing counterfeit parts in circulation. Mid-Term (4-8 Years): Growing adoption as successful use cases emerge, leading to more advanced solutions and broader integration.

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The current state of automotive dealership M&A: Focusing on performance optimization

Auto Remarketing

Understanding the reduction in dealership sales As of 2023, the automotive industry has been navigating challenges such as supply chain disruptions, changing consumer preferences, and rising interest rates. What dealer principals should be focused on — is what they can control.

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How the Service Drive Supports Dealership Profitability Across Departments

Automotive Mastermind

This technology allows dealers to identify and engage service customers who are approaching the end of their lease or finance term, or the end of their warranty. As previously mentioned, by maintaining long term customer relationships, the dealership service drive is well-positioned to support future dealership sales.

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Changing Auto Buyer Behavior: Tips to Help Dealers Adapt

Automotive Mastermind

Loyalty customers are: An invaluable supply of highly profitable sales Less likely to negotiate More likely to generate service and other fixed ops revenues. Due to this, the immediate and long-term opportunities lost by a loyal customer defecting are significant.

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